Floundering this morning with an early bashing from asian offices of a UK clearer leading the move earlier from 1.0325. large stops got tripped down through 1.0315 and we’re now stalling down around 1.0290., after lows of 1.0276.
Failure to recover the 1.0300 handle doesn’t bode well, with potential for a fall down towards 1.0125.
EUR/AUD is screaming higher after an early look below 1.3000 in Asia overnight, with a recent high of 1.3197, and a move to thursday’s highs of 1.3299 now a possibility.
It’s all looking a bit precarious unless Ozzie retakes the 200 day MA up around 1.0382
